The original 1976 pic was based on the Stephen King novel that followed a sheltered high schooler who unleashes her new telekinetic powers on the kids who picked on her at school. Russell will play one of the bullies, and Elgort will play a friend who takes Carrie to the prom.

Roberto Aguirre-Sacasa penned the script. Production is set to start later this summer, with MGM planning to bow the film March 15 next year.

Role will mark Elgort’s theatrical film debut after making his acting debut in the Off Broadway drama “Regrets” this past spring. As for “Chronicle’s” Russell, the up-and-comer was one of a handful of young actors up for the John McClane Jr. role in Fox’s “A Good Day to Die Hard” before Jai Courtney landed the role.